A2 Milk Company [ASX:A2M] shares are up over 15% in trading this morning as the company releases 1H24 results.
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ASX News LIVE | ASX to Rise; Seven Group Makes Bid for Boral; Cochlear and A2 Milk Report
ASX 200 inches towards another record high as major companies are scheduled to report earnings this week. Meanwhile, the S&P 500 snapped a five-week streak.
13cabs operator A2B up 20% on takeover offer
13cabs operator A2B Australia is up 20% after receiving a $182 million takeover offer from Singapore giant ComfortDelGro. ComfortDelGro currently owns 9.25% of A2B. A2B’s board unanimously recommends the ‘compelling’ offer. It represents a 31% premium to the stock’s three-month adjusted volume weighted average. But the company also declared a special fully franked dividend after $105 million worth […]
ASX News LIVE | XJO Flat; A2 Milk, Synlait, Brickworks Feature as Christmas Break Looms
ASX 200 up as Christmas break looms. A2 Milk and Synlait release trading updates. Brickworks flags ‘significant dislocation’ in property market.
A2 Milk leaders warn Chinese baby formula market in trouble
A2 Milk [ASX:A2M] CEO David Bortolussi warned in the company’s AGM today that China’s infant formula markets were in a steep decline. The company is heavily reliant on the Chinese market and has been struggling recently with the Chinese consumer slowdown. Mr Bortolussi told shareholders today that the pain has not finished yet, commenting that […]
ASX News LIVE | XJO Set for Weak Start Ahead of Jobs Data, Graincorp, MinRes, A2 Milk Feature
The ASX 200 opened down slightly as the market cautiously awaits Aus Jobs data, due out later this morning. Oil prices continue to fall while iron ore climbs after China announced an AU$211b stimulus.